Gillette Pakistan Limited has formally announced its delisting from the Pakistan Stock Exchange (PSX), as its parent company, Procter & Gamble (P&G), is discontinuing direct operations in Pakistan as part of a global restructuring program.
The company noted in its letter to the Securities and Exchange Commission of Pakistan (SECP) and the PSX that:
P&G’s decision is tied to its strategy of simplifying portfolios, optimizing supply chains, and focusing resources where they generate the most value.
P&G Moves to Distributor Model
As reported earlier by TechJuice[1], P&G is transitioning to a “Distributor Model.” Instead of directly managing operations, the company is outsourcing the sales and distribution of its products to local partners. This means that while Gillette and other P&G brands may continue to be available in Pakistan, the company itself will no longer oversee local operations.
The steps required for winding down and, if necessary, initiating the delisting process in compliance with regulatory rules will soon be determined in a meeting of Gillette Pakistan’s Board of Directors.
Economic Pressures and Investor Impact
The shift reflects both global corporate priorities and Pakistan’s complex business environment. Currency depreciation, double-digit inflation, and weakened consumer purchasing power have weighed heavily on multinationals, prompting several to scale back or exit. This decision by P&G highlights how even household names are reevaluating their presence in light of Pakistan’s fragile economic landscape.
For investors, a potential delisting would signal another setback for foreign participation in the local equity market, where limited foreign inflows and policy volatility have already shaken confidence.